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May 19, 2013 8:00am PDT
requests, delaying approval for tax exempt status. can you give us assurances that the irs is not targeting particular groups based on political leanings? >> let me start by saying, yes, i can give you assurances. as you know, we pride ourselves on being a nonpolitical, nonpartisan organization. there's absolutely no targeting. >> now that's not true. there's not evidence that mr. schulman did know at that point. why was congress repeatedly misinformed? >> we learned congress was informed. congressman issa, who requested the original probe on this. >> last fall? >> last fall. and the congressman did an interview on monday where he said he was pretty much aware of what the report was going to say before it came out. so he was aware. now, i can't speak to what former director schulman knew. i think the acting commissioner former commissioner schulman. the acting commissioneri eriner about that. >> and here was her argument, she said the media and congress are sleuthing for some hint that mr. obama picked up the phone and publicly suggest that conservative political groups were engag
FOX News
May 17, 2013 1:00pm PDT
watergate scandal, there were at least seven or eight different scandals involving nixon's taxes, and this administration aide and that administration aide. so, again, it was a collection of scandals that we collectively referred to as watergate and these three may be lumped together eventually as time goes on. >> neil: thank you very much. before we cut to the next story, want to leave you with a comment about the upi of the opening watergate hearings 40 years ago today, that they will be a short-lived affair, a political opportunity for democrats to pounce on a president who so far seems completely unaffected. >> you're a horribly run organization? if you're on the other site of the fence, you're not given that excuse. and when the irs comes in, you're not allowed to be shoddy or run horribly or make mistakes. you're not allowed to do one damn thing that is not in compliance. if you do, you're held responsible right this will then. the american people have seen what is going on and say this is an overreach and outrage for america. i yield back. [applause] >> neil: the guy who is get
May 16, 2013 4:00pm PDT
welfare. >> mark: this is to get tax exempt status. >> that's right. what we're seeing karl rove's organization gave less than one tenth of its revenue in a recent year for social welfare and everything else is attacking obama. now, facts may change. we may learn something that we don't know, but so far from the treasury inspectors report, and i read all of his reports, a group of people in cincinnati called the determination unit decided the quickest way to sort through a flood of applications was to look at those that wrote tea party or to hold forums for elections that would tend to suggest maybe you're not in a social welfare organization. none of the republican groups that applied were denied status. there were democratic groups that were denied and there has been at least one that has its status yanked because it was a political organization. >> mark: you're saying at the end of it all, maybe nothing--they went on, those organizations were granted status, they were able to continue to stay politically active then why are we getting such talk, the there is a lot of criticism o
FOX News
May 17, 2013 2:00pm PDT
conservative groups and you make them wait up to three years for approval of the tax status that you are pushing through for the liberals and you call that poor service? i would call it biased unfair targeting of conservative groups. >> kimberly: there is a lot of this going on and specific examples i find interesting. representative kevin brady had a constituent when he was talking about, a party that had tea party affiliation and applied for tax exempt status in july of 2010 and february 2012 she received an answer asking questions. three years to the day that she first filed her application is still pending. take a listen to representative brady. >> she was visited by the f.b.i. domestic terrorism unit for personal returns and business returns were both audited by the irs. she received four f.b.i. inquiries. this is a citizen in a small woman who had never been audited by the irs. is this still america? is this government so drunk on power that it would turn its full force, it's full might to harass and intimidate and threaten an average american who only wants her voice and their voi
FOX News
May 18, 2013 7:00pm EDT
taxes is discriminating for beliefs. who allowed this to happen. the treasury inspector told top officials about the investigation in june 2012. it is right in the height of the presidential campaign. the irs admitted using tea party and patriot to look at groups for extra skrutine. some of those groups are gearing up to sue. deep concern growing with the law makers, both sides of the political aisle talking about this woman, who was in charge of the division in the heart of the scandal will leave office and implement the obama care. her office will have a say over fines and insurance coverage for millions of americans. molly heningburg starts. did ingram know about the targeting of conservative. >> democrats say there is no evidence she did and the outgoing commissioner stephen miller praised her work in the tax agency. >> why would you promote somebody to that position that was in charge of the exempt organization division that had controversy over the last couple of years? under an investigation? >> she is a superb sufficiently servant? >> she had nothing to do with this? >> i
May 16, 2013 4:00am EDT
testify against british lawmakers today about taxes. >>> and investors cheer cisco's earnings. a sharp contrast to the negative comments from its bellwether rival. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> all right. welcome to this thursday edition of "worldwide exchange." i'm ross westgate. plenty to get through today. we'll kick in on japan. have you got any sorts of comments, e-mail us, japan surprised the market today with a better than expected first quarter print of gdp. partly the fact to prime minister shinzo abe's forecast. that means japan's growth outpaced the u.s. which grew 2.5% in the january to march period. there is one bleak spot. japan's corporate investment was down for the fifth quarter in a row. but analysts expect the number to pick up as improved sentiment translates into more business spending. lucas phillipo from natixis joins us now. what's your own key take away from this number? >> good afternoon or good morning. i find you are very genius saying this is abe nomices that spur
May 13, 2013 6:00am PDT
for tax exempt status is new and it could do lasting damage to the administration and democrats. this week, the treasury inspector general for tax administration will release a report that shows that as early as march 2010 the cincinnati field office, which was put in charge of evaluating applications for tax exempt status began searching for groups with politically identifiable names. according to "washington post" of the 298 groups selected for special scrutiny, 72 had the words tea party in their title. 13 had patriot and in march 2012, irs commissioner douglas shulman, a bush appointee, told congress that the agency was not targeting conservative groups. >> there's absolutely no targeting. this is the kind of back and forth that happens when people apply for 501 c4 status. >> the inspector general turned out that irs leadership did know some specialists were searching applications especially for tea party style names and groups for a year before shulman testified to congress. on sunday, republicans, naturally, were outraged. >> it is absolutely chilling that the irs was singling o
FOX Business
May 17, 2013 11:00pm EDT
you're going to have your way on almost anything now, on raising taxes ai on anybody, orpushing throughore green energy initiatis for any one or having the upper hnd on budget matters anytime soon? now, i'm not saying the president is a lame duck, but all of these scandals have left him a badly wounded one, and the more these hearings into the irs, spying, the justice department snooping and whole agencies benghazi-revising, you've got to ask yourself something: is this the week the white house proved weak? it's trying to defense the indefensible and proved even weaker. no heart what comes of these various embarrassments, this much is clear: the president's best excuse was that he was, well, out of the loop. he has gone from hands-on to hands-off, b it is still going to hit his approval numbers hands down. because it is hard to pound the pulpit when you're taking a pounding in the polls. so is big gov being given the big shove? and will the political fallout have money for democrats fallin short? let's ask melissa francis and bob cusack. melissa, what do you think? >> i think th
May 15, 2013 4:00am PDT
seeking tax-exempt status and says "those mistakes won't be repeated." the story came to light last week that the irs was apparently singling out conservative groups that used words such as "patriot" or "tea party." "no stonewalling, no more incomplete answers, no more misleading responses, no holding back witnesses, no matter how senior their current or former positions. we need full transparancy and we need full cooperation." there are calls for at least 2 congressional hearings. the first could begin by friday. the unemployment rate for veterans is consistently higher than for the general population. at last check, it was 9.9%. but it's even higher among women who are veterans. our cover story explores an effort by one group trying to change that and create paths for women veterans on the job. after 18 years in the army and navy, pamela jones knew all about organization, management and leadership. but convincing a lender to loan the $20,000 it took for a truck and equipment took help from the women's business development center, a chicago group helping women launch businesses for
May 17, 2013 7:30pm PDT
for the panel are jaxon van derbeken, aaron glantz and josh richman. well, tax revenues have been higher than expected, but the revised state budget that governor brown released this week has left many still grumbling. education got a big boost of nearly $ $3 billion, but other programs got left behind. >> everybody wants to see this as a spending machine. come here and see if you can get it. when i'm the backstop and i'll keep the budget balanced as long as i'm around. >> josh richman, the legislation analyst came out with projections that were $3 billion higher. why the difference and what difference will it make as the budget talks begin? >> the $3 billion is spread out over three years. the difference in estimates deals with how much economic growth their forecasting over the next couple of years. jerry brown thinks things might slow down a little bit and also that the fact we are now paying back our full payroll tax rate means personal growth will not increase. he has the conservative number. the legislative analyst says it is rosier. the stock market is taking off. it is loo
FOX Business
May 12, 2013 8:00am EDT
>> we'll see you tomorrow. >> the tax man in trouble. growing calls to investigate the irs after the agency, which is supposed to remain neutral, admits to targeting conservative groups right before the 2012 election. organization using the names patriots or tea party in their application for tax exempt stus were flagged for further review. the irs now apologizing, but the bigger issue developing. this is the same agency set to enforce the new health care law. someone here says watch out. folks opposing obamacare could be the next target. hi, evyone. i'm brenda buttner. this is "bulls and bears." here they are. gary, tobin, jonas, john, and david. nice to have you. welcome to everybody. toby, you said based on history, anyone who goes against the health care law should be ready for an audit? >> yeah. the history started with kennedy. get back to his enemies. there was audits. nix is famous for this. it's been a historic per view of the president to go after his or her enees with audits. by the way, that iss about the biggest way y can get to somebody's face and this type of attac
FOX Business
May 14, 2013 9:20am EDT
financial impact. the president's agenda of tax, spend and obamacare will be affected by these scandals and he must play defense with the hearings on investigations that are looming. his political clout takes a hit. "varney & company" about to begin. i'm so glad you called. thank you. we're not in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your accounts for unusual activity, you could also set up free account alerts. okay. [ female announcer ] at wells fargo we're working around the clock to help protect your money and financial information. here's your temporary card. welcome back. how was london? [ female announcer ] when people talk, great things happen. ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not
May 14, 2013 5:30am PDT
actually looked beyond tax occurrence. that is one of the things we can do as a non-regulated lenders. we are able to look at cash- based businesses in some ways that would be difficult for a larger financial institutions. in terms of lending based on projections, we typically do not lie on -- rely on projections, but unless is a contract that has been awarded. we're really looking at what actually you already have in the household. in terms of credit, we want to see that your credit is currently in good standing, but a mix credit history is ok. that is another way we might differ from a more traditional lender. we want to see that currently, you have no unpaid tax liens, child support, or judgments. we have no automatic credits for cut off. we are more interested in the substance of a client and where they are today. if you have no credit within credit, we can work with that. a portly, and you will hear this from all small business leaders, and it is something to get in your head now, all of our loans are personally guaranteed by the client. we are not using or reporting business cre
May 20, 2013 2:00pm EDT
. if you think your tax rate is high you will want to hear this story coming up. the ocean gets warmer. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. for 150 years, california educators have stood up for what happens in the classroom. in 1866, pioneering the first free public schools for all kids. and today still standing strong, with efforts to close achievement gaps... reduce class sizes... and give every student a well-rounded education. even as time and technology change the way we teach, our commitment to children never will. because the california teachers association knows quality public schools make a better california for all of us. >> he is a tech geek who loves motorcycle, adventure travel and his bulldog named clark. as of today he is one of america's richest entrepreneurs under 30 years old. >> a got the bug. i really wan
FOX News
May 15, 2013 1:00pm PDT
they are, reforming the tax code, fixing and saving medicare, fixing and saving social security. >> you think all that is out the window now? >> well, i don't think it's out the window, but leadership is about standing up and creating a possibility for something positive to happen. and we're not seeing that and my hope is, you know, the president's probably not connected to any of this directly, but he absolutely is responsible for all of it. and he needs to be on the offensive, leading on the real problems of the country and one of the real problems is how do you reestablish confidence that the government is not so big that they cannot keep from violating your privacy rights, your tax rights, and your personal property rights? the one thing that i'm worried about, this smells an awful lot like chicago style politics. where you don't care what the rules are. you're out to go after your enemies for anything. and i'm not saying they did it. but i certainly don't like the way -- when kathleen sebelius is now hitting up the very people she regulates, it may not be illegal, but it is certain
FOX Business
May 13, 2013 11:00pm EDT
one. okay. if y are singling out a group, unless of a sudden we saw huge increases of tax credits for certain types of groups they look at that, this is understandable. maybe. >> who would make thatall? there is a well the we don't know. is that something that could be a rogue irs agent, or higher up? by that i'm saying like way richard nixon had an enemy's list, i would call into a lot of things. >> i think have you millions of pele very looked at on their taxes at junior levels before this pyramid would begin, my guess someone saw, you know a group that started taking tax credits. i wld hope that it stayed a lower level. neil: do you think there is a bigger credibility issue. maybe think that a lot of president supporters had is not real image it has been? >> i don't put -- i believe that president made a come today equall saying that this cannot be taken on anyway that this gets done. i think he would agree that independent agents have to kind of keep -- >> when head of irs says, more than a few months ago this was not going on either he is a liar or stupid. >> we'll find out one w
FOX News
May 18, 2013 5:00pm PDT
something is on there to tax him for. and send the drones to fly over his house. and confiscate huckabee's guns and see how he likes it when he can't go hunting anymore. and take his bass dpu tar away. no more music for huck hug and that will make him think again for challenging me. and now i need something for the media to get off of my back. hey, joe, it is the president. i need my vice-president to step up to plate for his country. i need you to do what you do best. go out and say something ridiculous in front of the cameras. let the media focus on. that ♪ tonight on huckabee. as three separate scandals rock the white house, the irs targeting the conservative groups take center stage. is this still america? is the governmento drunk on power it would turn his force and might to harass and intimidate an average american who only wants her voice and their voices heard? >> that average american is katherine. and she jones the governor tonight. plus. my question is not about who is going to resign. my question is who is going to jail? >> but they are not going to jail. >> instea
May 17, 2013 9:00am EDT
tea party and other groups for specific unnecessary criticism and skepticism about the tax-exempt status. this is what russell george said. the irs used inappropriate criteria that identified for review tea party and other organizations applying for tax exempt at the status based upon their names or policy politicians instead of indications of potential political campaign intervention. this says that they were targeting groups op purpose and not comparing other liberal groups to the same scrutiny. we have not been given anned a vns copy of the texts, but we can expect that the members of congress are going to be extremely tough in the criticism of him and the questioning of him. one of the key questions in all of this is who exactly approved this tea party scrutiny? it is not clear from the inspector general's report, and another question that the lawmakers will be going after is when did the treasury department become aware of this problem, and when in fact did people at the white house become aware of the problem, and those are two questions that will be answered today. >> thank
FOX News
May 19, 2013 2:00am PDT
, i am sure something is on there to tax him for. and send the drones to fly over his house. and confiscate huckabee's guns and see how he likes it when he can't go hunting anymore. and take his bass dpu tar away. no more music for huck hug and that will make him think again for challenging me. and now i need something for the media to get off of my back. hey, joe, it is the president. i need my vice-president to step up to plate for his country. i need you to do what you do best. go out and say something ridiculous in front of the cameras. let the media focus on. that ♪ tonight on huckabee. as three separate scandals rock the white house, the irs targeting the conservative groups take center stage. is this still america? is the governmento drunk on power it would turn his force and might to harass and intimidate an average american who only wants her voice and their voices heard? >> that average american is katherine. and she jones the governor tonight. plus. my question is not about who is going to resign. my question is who is going to jail? >> but they are not going to jail
May 13, 2013 5:00pm PDT
covered that the irs targeted tax exempt status of non-profit groups that not only had tea party or operator in their name but also ones that voiced concern about government spending debt, and taxes or constitutional education. miller however was the only named interim commissioner last november following the resignation of bush-appointee doug shulman who headed the organization during these alleged practices. >> if you've got the irs operating in anything less than a neutral nonpartisan way then that's outrageous, and it's contrary to our traditions, and people have to be held accountable and it's got to be fixed. >> john: if you thought that benghazi was going to be around for a long time, hold on for irs gate. thank you for staying with us for this interesting day for this administration. michael, let me continue with you at this time. some conservative friends say this scandal is bigger than benghazi watergate and iran contra-combined. what are your thoughts on that. >> it's more easily understandable by members of the public. people understand how the tax system is supposed to
FOX News
May 17, 2013 12:00pm PDT
partisanship has no place at the irs, it cannot even appear to be a consideration in determining the tax exemption of an organization. >> greg: that rhetoric not withstan, went on to argue his agents were not on a partisan mission. rather, they faced a growing up in or applications for this tax exempt status and were trying to find ways to handle a heavy work load more efficiently. still, many democrats joined the republican colleagues in going after the irs chief. charlie wrangle calling the problem a cancer. >> this is wrong to abuse the tax system. this screams out for tax reform,s to it not? >> i think it's an area right for redefinition and reform, yes, sir. >> well, regardless of whether democrats or republicans did something like this next outrage should still be there. is that not correct? >> if the outrage as to the -- >> to the abuse. >> yes. greg greg -- >> greg: lawmakers openingly asking he internal revenue service chief if there was anything he was trying to hide. listen to this back and forth between miller and washington republican congressman dave reichert. >> this is th
FOX Business
May 20, 2013 1:00pm EDT
for a flat tax which are marked my next guest seems to think so. steve forbes joining us now. you have made a name for your self calling for a flat tax. you even tweeted responding to rupert murdoch. it makes perfect case for flat tax. nothing could be fair and abuse free. >> absolutely. they can go after anyone. you can literally do it in a few strokes on the keyboard or a single page. you can do the same thing on the business side. simplicity is the best enemy of the abuse of power. lori: does anyone achieve this status? >> the nice thing about the flat tax is with the low rate, you do not have these deductions anymore. you do not have to worry about what is a mortgage, what is a home office, and less you have a small business. the terms of the charities, the contributions are tax free. that is where the irs gets power. under the flat tax, that goes away. many worry that this will be the end of charities. people have more and they give more. that is the way to go. ashley: one of the sidebars that is developing is a handful of politicians and commenters that are coming forward an
FOX Business
May 13, 2013 9:20am EDT
and they looked at the waco tea party which had been requesting tax exemption, the tea party there, they had to produce all of their transcripts of every meetings, all speakers, all interviews, all media coverage and details of all membership. can you-- of course they didn't get tax exemption. they couldn't participate in the election campaign the at all. >> right. and the effect on them was to chill their political-- >> here is the question, i don't know the answer. they were looking into 501(c)(3) and 4, and tax except for reasons. there's a group that hates fox, attack us every day and probably 5,000 personal attacks on me alone, called "media matters for america", i believe it's 501(c)(3). i'd love to know if they were targeted. if they're only picking 501(c)(3)'s and 4's on the conservative on the right there's a massive problem. stuart: we find a somewhat similar story with bloomberg, where bloomberg reporters reached over the firewall and looked at the movement of financial institution people, not trading, i don't think, but the movement of people so they could tell a lot ab
May 14, 2013 6:00am PDT
, richard simons, our tax and treasurers, and pauline marks from the tax and treasurer's office and it is great pleasure and some what sadness and pleasure to honor him for his service and 13 and a half years with the tax and treasurer's office and he has worked very closely with our office and our staff and when we opened the office of small business, provided training orientation, and for our staff, and for business services. and so, i am going to read this, on this monday, may 6th, 2013, the small business commission is honored to recognize richard simon to small businesss in san francisco. he will be retiring from the office of the tax and tres ses you arers after the career of serving businesses of san francisco for 13 and a half years. the success of a small business, assistance center would not have been possible for *f without the support and guidance of mr. simon, he is a great allie and a small business advocate and always goes above and beyond to help small business kliepts and he serves as an example of all employees on how to serve the small businesses and the commission c
FOX News
May 18, 2013 11:00am EDT
that some of those responsible for paid bonuses at work with your tax dollars. i am dave asman. what a week. we'll go with moshing an and mike and sabringa and rick. >> rick, this is usually steve forbes job but do you believe that the individuals who skewed up deserve bon us. >> i feel the need to talk flat tax. i think the bonus idea is a bad idea particularly as it a ployed to the irs. remember when we have had a situation with private insurance companies and they are bonusing adjustors and paying them to deny claims. i have a similar problem with irs agents paid to collect more money. i tell you the great surprise. >> or just screw up. >> or screw up. you know who favors bonusing the federal -- the heritage foundation. >> you are an agent of the heritage foundation? >> i have been accused of many. from james, the senior economist. we should shift the distribution from base pay to bonus. >> mike, lois learner who was in charge of the tax exemption got a $42,000 bonus or several bonuses adding up to 42,000. show gave on the a bunch of information that was not true. and her predeces
FOX Business
May 15, 2013 9:20am EDT
higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this year and same story for the s&p 500, the 14th he record there this year. we're looking at a flat to slightly lower opening today, but that happened yesterday and we still went up 120 by the close. stay tuned. and suddenly, it seems that president obama's second term agenda is unravelling. and the mainstream media have turned on the administration. big government seriously questioned, my, have times have changed. in just ten days. here is the the all-government, all the time president speaking the at ohio state may the 5th. >> unfortunately, you've grown up hearing voices that incessantly worn the government is some separate sinister entity at the root of our problems. you should reject these voices because let what suggest as brave, creative unique experiment in self-r
May 13, 2013 1:30pm PDT
how we administer the mills act which allows for tax credits for owners of historic property to maintenance contracts in the city. it's been used in a very robust ways and counties in the city of california has been somewhat looser here. it was illusory for those small property owners. that became an apparent during the process around this district so i offered legislation working with the san francisco heritage and planning department for the use of the mills act. we have a usable miss act in san francisco and that was important to me because if we are telling residents in the district that they can get potential tax credits that they are in the district, i thought it was important that it should be reality and we have now made that a reality. after we went through this lengthy process with many community meetings with a lot of views expressed pro and con -- and everywhere in between, i requested the planning department conduct a survey of the property owners in the district. you may recall that i temd to have that as a requirement in article 10 and i did not get that part of a
May 15, 2013 5:00pm PDT
seeking status tax status, the president condemned them. >> today secretary lew took the first step by accepting requesting and accepting the leader of the irs. it's important to implement new leadership to help us go forward. >> john: whether that will satisfy congressional republicans remains to be seen. earlier today, senate minority leader mitch mcconnell demanded a different sort of action from the president. >> the administration needs to make witnesses available to testify on this and any other incident of targeting the administration's ideological's opponent. >> john: and john boehner has made up his mind whether haws were broken or real crimes committed. >> my question isn't about who is going to resign. my question is who is going to jail over the scandal. >> john: the scandal where no laws were broken. on the so-called scandal front yes, benghazi, they tried to put that to rest yet again by releasing 100 pages of internal e-mails that shows how the talking points of u.n. ambassador susan rice were shaped. rice and the white house were blasted repeatedly for not immediately l
FOX News
May 19, 2013 8:00pm EDT
, inability to get grants and people contributing to the organization, there is no tax deduction and it makes it difficult to continue forward with the effort to eliminating voter fraud. >> yes, i mean, it will top to be a challenge and certainly that determination would make it much easier. one thing i learned in three years of being involved in the way i have been in a grassroots level, i have learned that americans will stand for the side of truth. they will stand. even if that means we don't have a determination that allows us to go to foundation, i believe that american citizens will be ready to stand for election integrity. and that's all we need. >> do you feel hounded by the federal government and made your life a living hell pause they had resources and unlimited power to do it? >> i believe and i feel that what we have been through understand for a reason. and yes, it is not been fun. that is to be sure. but i think that our role is to be messengers and bring focus to a larger debate that we need to be having in the country. citizens should not foretheir government. if in fact
May 18, 2013 10:00am PDT
tax man wants a big chunk. if you take out federal taxes at highest rate, maybe they could get some breaks, if you take out federal taxes in the end, the take home is closer to $227 million. i'm with you, though, i'd still take it. later this afternoon, we want to give folks an idea. we're going to tell you later on what the luckiest numbers have been for powerball and also the lu luckiest states. so stay tuned. >> thanks so much. good luck to you and to me because i'm going to buy some tickets today too. >>> coming up, donald trump is on trial. he's hoping to feel rather lucky in this case. he's on trial now defending himself for allegedly conning an elderly woman. while in court he had some rather harsh words for her attorney. you'll hear from attorneys on both sides in a few moments. >>> then some are calling it worse than watergate. the irs under scrutiny. but did it have a good reason to put tea party groups under the microscope as it it did? we'll explain, next. ♪ ♪ fly me to the moon ♪ let me play among the stars ♪ and let me see what spring is like ♪ ♪ on jupiter
May 15, 2013 8:30am PDT
million. and the majority of the revenues that you can see in blue are for sales tax and that is $88.3 million and this represents $84.4 percent of the entire revenues in red you have the federal grant funding of 10.5 million and represents 9.6 percent and the majority of funding here is for the ybi improvement project and entering into the construction phase and in the green color you have the vehicle registration fees are the program and it is very similar to what we received in the fiscal year 1213. and 4.7 million and this represents 4.3 percent of the revenues for the year. and in the purple you have other revenues of 2.7 million and this represents 2.3 percent. and the other revenues includes, the first loan repayment from tita of approximately 2.6 million and the loan that we have issued back in 2008 and this was for the prelim engineering stage of the project and in light blue you have regional grant and program funding and this is 1.5 million and represents 1.4 percent of the pie chart and this includes our 736,000 of the tsta fundings that we be receiving from the air quality
May 12, 2013 3:30am PDT
that we need in order to get parcel taxes and what have you. i feel really confident that the approach that we're taking is so much more thoughtful around all the things that we want to do for children across the city and how we can leverage everything that we've already put into it and how we can grow this and so i think, you know, we're going to need our, all of our organizations and all of our parents and all of our neighborhood associations and we certainly want to get business to think about this very differently. so we want them to be a part of this conversation also. and again so that this is something that will go out clean, it will go out without anybody raising money to oppose but instead will be, you know, raising money so that when it does go into the campaign it will be so that we can pass it with a very high support margin. so i'm really grateful that we're doing it and we're going in this direction. thank you. >> thank you. actually i had some more administrative questions in terms of the election for 2014 and maybe this is a question to the controller. so my first is, i
FOX News
May 18, 2013 9:00pm EDT
them in the grand jury and you ask them under oath which supervisors directed them to withhold tax exempt status and investigate any one who might criticize your administration. you feds know how to do that. you do it all the time. and by the way, the system doesn't need to be fixed, your administration needs to be fixed. so if you want the truth, tell your director of the irs exempt division the learned lois lerner the one who says she is not good at math not to lie to congress, which she did when she said that her screening process was unbiased. when in truth, two years ago, she knew her agents were flagging all cases of any one who might criticize your administration. but, of course, mr. president, you will get to the bottom of this. >> he think we will be able to -- i think we will be able to figure out exactly what happened, who was involved, what went wrong and we are going to be able to implement steps to fix it. and we began that process yesterday by asking and accepting the resignation of the acting director there. >> judge jeanine: so now you tell the acting director of t
FOX News
May 17, 2013 3:00pm PDT
obama's presidency ended up with a focus today on a subject every american can relate to, taxes. the question of whether the white house had anything to do with the irs targeting conservative groups for special scrutiny. we have fox team coverage tonight with all the obama scandals. wendell goler with the story of an irs official's new job coming after more of your money over obamacare. we begin with chief congressional correspondent and the man in the hot seat on capitol hill. good evening. >> good evening. after a week of intense heat on the irs, today the agency did not back down insisting there was not a bias against conservatives. >> i resigned because as the acting commissioner, what happens in the irs, whether i was personally involved or not, stops at my desk. so i should be held accountable for what happens. >> the outgoing acting commissioner explained his upcoming departure days after a report blasted the irs for ineffective management. >> was the irs using inappropriate criteria in its review of organizations applying for tax exempt status? yes. was the irs delaying their
May 16, 2013 7:00pm PDT
the irs is enforcing our tax laws in a fair and neutral way across the country. and that's what the president is going about the business of doing. because when problems arise on his watch, he will act decisively to fix them. >> i would like to clarify as a point on the calendar when the president first knew there was any kind of problem of this sort at the irs. >> from news reports on friday, which is when i found out. >> so even though there was an ig report being done, nothing that had happened in any of the investigative stuff going on prior to friday, none of that ever made its way to the president. no awareness. >> that's correct. and what i have said here from the briefing room, lawrence, is that the white house counsel was notified as is routine in washington, as you know from your experience here, that there was an ig review going on that was looking at conduct at the irs, very top line notification. and that was roughly three weeks ago. and that process was coming to a conclusion, which is why the notification went out. but we had no details, we had no specifics about what
FOX Business
May 20, 2013 9:20am EDT
tax exempt office. here is the question, did she target conservatives? y yes, we know she did, she apologized, but did she also protect liberals? the daily caller has the story. for three years, one asked why the humane society is tax exempt. 148 million in 2010 alone, 99% of that money went to a washington lobbying effort. less than 1% went to the animal shelters that you see advertised on tv. miss learner is an active member. did she protect a liberal group while targeting conservatives? we're talking about that throughout the program today, this monday morning. all right, now, look at this, gold and silver tumbling. are we headed all the way down to $1,000 bucks on gold? we're on that story, obviously, and we're on media watch, too, could it be the scandals have turned the establishment against the president? look at this. >> this is aggressively as anyone who has ever held it, at other times, he seems unacquainted with the work of his own administration. all stations come over to mission a foa final go. this is for real this time. step seven point two one two. rify and lock. co
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